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Ripple moves $79M in XRP amid sharp price drop below $1.30, sparking market debate.

Market News
28 May 2026
UToday
View Source
Bearish
pluang ai news

Ripple transferred 60 million XRP, worth over $79 million, to an unknown wallet during a period of high market volatility. This large move coincided with a sharp drop in XRP's price, falling below the key support level of $1.30 and retesting its lowest point since November 2024. The transfer has sparked speculation about Ripple's motives, with some suggesting it could be related to funding Binance, while others see it as a bullish sign. The price decline has raised concerns among traders about Ripple's impact on XRP's market performance.

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